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Real Estate

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Condomonium: $7.5 million for developer Peter Freed’s personal penthouse

ADDRESS: 500 Wellington Street West, Penthouse 1001

NEIGHBOURHOOD: Waterfront Communities-The Island

AGENTS: Arif Manji and Eric Kuzuian, Private Service Realty

PRICE: $7,500,000

THE PLACE: The entire top floor of Five Hundred Wellington West. The building is easily one of the most exclusive in the city; there are fewer than 20 units in total and many of them—including this penthouse—span entire floors.

BRAGGING RIGHTS: It’s the developer’s own. Peter Freed, the “man who made King West,” and the force behind this building (as well as the Thompson Hotel and Residences and other high-profile builds) bought this unit for himself, though he never ended up moving in.

BIG SELLING POINT: Like the Thompson, this condo has a great pool overlooking the city—the massive, south-facing terrace is tricked out with both a raised, infinity glass pool and a hot tub. And, unlike the Thompson, you won’t have to share them with anyone.

POSSIBLE DEAL BREAKER: You had better be able to cook under pressure—with an open, restaurant-style kitchen, dinner guests will be watching your every move.

BY THE NUMBERS:
• $7,500,000
• 6,200 square feet
• $2,241.32 in monthly maintenance fees
• 2,000-square-foot rooftop terrace
• 10-foot-high ceilings
• 3 bedrooms
• 3 bathrooms
• 2 terraces
• 2 private elevators
• 1 outdoor pool
• 1 entire floor